China reporter Lucy Gao reviews the major business news making headlines every day in both the Chinese and English language press.

China Securities Journal

■ China will relax controls on deposit rates at “an appropriate time" as the central bank intends to let the market play a decisive role, Hu Xiaolian, a vice-governor of the People’s Bank of China, said on Wednesday.

Shanghai Securities News

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Company Profile

■ China will improve its evaluation system for measuring economic performance, increasing the weight of factors such as resource consumption, environmental cost, work safety and local debt in assessing local economic growth, a top economic planner said.

Shanghai Daily

■ China’s industrial capacity utilisation rate stood at 78 per cent in the first half of this year, the lowest since the final quarter of 2009, indicating the urgent need to tackle overcapacity and inefficiency, a government official said.

■ Shanghai Greenland Group Co has agreed to invest 6 billion yuan in a mixed-use project on Jeju Island, South Korea’s most popular tourist destination, as the Chinese company continues to expand overseas quickly.

China Daily

■ The Chinese government has announced plans to consolidate various real estate registration offices into one body, establishing a single information-sharing platform. It will provide better protection for the property rights of citizens and establish the foundation for a possible tax levy, analysts said.

■ China, the world’s largest gold producer since 2007, produced 307.8 tonnes of gold in the first nine months of this year, a 6.8 per cent increase year on year, the China Gold Association said on Wednesday.

■ China unveiled spokesmen for its seven military branches on Wednesday night, in an effort to beef up the country’s military transparency.

■ YuanShengTai Dairy Farm, China’s fourth biggest raw milk producer, is set to raise about $US425 million after pricing its Hong Kong initial public offering below the mid-point of a marketing range.

People’s Daily

■ Premier Li Keqiang urged the disclosure of intellectual property rights infringements and manufacturing, including selling of fake goods, in a State Council meeting.

■ Annual profit growth at China’s state firms moderated to 10.1 per cent in the first 10 months of the year from 10.5 per cent in the January-September period, official data showed on Wednesday, underlining a stabilisation in the economy.